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Bangladesh sets $37bn RMG export target for 2016-17

Riding on the apparel sector that accounts for the biggest revenue source, the Bangladesh government has set an export target of $37 billion for fiscal year 2016-17. The set target is aimed at 8 per cent increase from the export achievement made last fiscal.

Bulk of the target is set for the readymade garment sector. The export target set for Bangladesh’s biggest export sector has been set at $30.3 billion, 8 per cent more than it was last year.

Apparel owners are optimistic of the industry’s future in Bangladesh and aims to gain $50 billion in garment exports by the end of 2021.

 
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